Pros - Great sound,quiet in use, compact, easy to dial in, true bypass
Con - Tiny secondary knobs
I use the E-Lady to get Gilmour and Police type tones at home and on the occasional gig, and it does its job absolutely perfectly. As well as these sounds it covers a variety of other tones, never sounding anything other than thick and full as you would want from a vintage-flavoured flanger.
All this comes in a tiny footprint, which is great for a crowded pedalboard, but unfortunately means that some of the controls are very small and not very easy to see when standing. However, once set this is as good a flanger as you're going to find, and for a very reasonable price.